Cost of Living: Greenbelt, MD vs Torrance, CA

Housing

The housing market plays a significant role in determining the cost of living.

Metric Greenbelt Torrance
Housing Index 115.0 135.0
Median Home Price $440,000 $1,030,000
Average Rent (2 BR Apartment) $2000 $2800
Average Rent (2 BR House) $2060 $2850

Housing Comparison: Greenbelt vs Torrance

  • The median home price in Torrance is higher at $1,030,000, compared to $440,000 in Greenbelt.
  • In Torrance, the rental for a two-bedroom apartment stands at $2,800, while it is $2,000 in Greenbelt.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.

Metric Greenbelt Torrance
Electricity Price $17.41 $32.99
Natural Gas Price $18.44 $16.99
Other Utilities $250 $250

Utilities Comparison: Greenbelt vs Torrance

  • Torrance has higher electricity costs at $32.99 per kWh, versus $17.41 in Greenbelt.
  • Natural gas is more expensive in Greenbelt at $18.44 per unit, while it is cheaper at $16.99 in Torrance.
  • Utility expenses are equal in both Greenbelt and Torrance averaging $250.